The European medical equipment maintenance market is expected to reach
USD 7.98 billion by 2022 from USD 5.05 billion in 2017, at a CAGR of
9.6% during the forecast period.

Growth in associated equipment markets, rising focus on preventive
maintenance, adoption of innovative funding mechanism, and growing
purchase of refurbished medical systems are driving the growth in
medical equipment maintenance market. On the other hand, high initial
cost and significant maintenance expenditure may hinder the growth of
the market in the coming years.

Based on modality, the European imaging equipment maintenance market is
segmented into advanced imaging modalities and primary imaging
modalities. Primary modalities are expected to register the highest CAGR
during the forecast period. The high volume of tests conducted using
primary modalities is a key factor driving the growth of this market.

Based on the type of service provider, the European medical equipment
maintenance market is segmented into original equipment manufacturers
(OEMs), independent service organizations (ISOs), and in-house
maintenance services. The OEMs segment is expected to dominate this
market with the largest share in 2017. The large share of this segment
can be attributed to the wide geographic presence and strong technical
expertise of OEMs.

In 2017, Germany is expected to account for the largest share of the
European medical equipment maintenance market. This market is also
expected to grow at the highest CAGR during the forecast period. Factors
such as the large installation base of medical equipment, significant
presence of OEMs, well-established healthcare infrastructure, and
growing medical technology market are supporting the growth of the
medical equipment maintenance market in the country.